MGP Ingredients, Inc. (NASDAQ:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of 2 cents per share of common stock payable on December 8, 2016 to stockholders of record as of November 14, 2016.
“This quarterly dividend is evidence of the continuing progress we have made toward transforming MGP and reflects our confidence in the Company’s ability to deliver positive cash flow in 2016 and beyond,” said Karen Seaberg, Chair of the Board. “The board views dividends as an important way to share the success of MGP with our stockholders. Looking forward, we expect that MGP will be able to support new growth programs and invest in our business while also returning capital to shareholders on a quarterly basis.”
About MGP Ingredients, Inc.
MGP is a leading producer and supplier of premium distilled spirits and specialty wheat proteins and starches. Distilled spirits include premium bourbon and rye whiskeys, gins and vodkas, which are carefully crafted through a combination of art and science and backed by over 150 years of experience. The company’s proteins and starches are created in the same manner and provide a host of functional, nutritional and sensory benefits for a wide range of food products. MGP additionally is a top producer of high quality industrial alcohol for use in both food and non-food applications. The company is headquartered in Atchison, Kansas, where distilled alcohol products and food ingredients are produced. Premium spirits are also distilled and matured at the company facility in Lawrenceburg, Indiana. For more information, visit mgpingredients.com.
